Having been discovered accidentally in 1954 during a survey to look for petroleum deposits, uranium is among the most valuable minerals productively being recovered across Texas, specifically within uranium-rich areas of Coastal Plain and Trans-Pecos.
During the ’80s, uranium was the second in value among all the metallic elements mined in Texas. Apart from its military usage, uranium is utilized to fuel nuclear power plants across the country. In fact, 9% of the uranium needed by the nuclear power plants across the U.S. were extracted in the country in 2011.Other civilian usages of uranium include production of stains and dyes for wood and leather industries, and a component in lamp filaments for stage bulb lighting.
Uranium is indeed a valuable metallic mineral. By selling your uranium mineral rights, you are providing you and your family the opportunity to be financially stable and independent. To discuss about your plans of selling your mineral rights in Texas, consult with our team of brokers at The Mineral Auction by calling (512) 698-2802 today.
American Energy Partners announced on Monday that amid its plans of entering into pipeline partnerships, acquiring oil-producing assets, and possible initial public offerings, the company is still allocating millions of dollars’ worth of funding to purchase mineral rights in some of the country’s most prolific oil-producing regions, Fuelfix reported on Tuesday, December 2.
The company, which is owned by former Chesapeake CEO Aubrey McClendon, said it will set aside $500 million from equity commitments to buy 28,000 net mineral acres and secure 29,000 acres in royalty interests. Among the formations American Energy Partners plans to invest in is the Permian Basin, one of the country’s richest oilfields located in West Texas.
Many players are still eager to secure as many mineral rights as they can despite factors that threaten the overall health of the energy sector, such as pressure over fracking bans and dwindling oil prices. This enthusiasm proves that selling your mineral rights today would help you make the most out of this energy boom. To learn more about selling your mineral rights in Texas, speak with our team of brokers at The Mineral Auction by calling (512) 698-2802 today.
Some mineral rights owners choose to sell their mineral rights rather than lease it for the purpose of convenience. Keeping up with all the paperwork, audits, and monitoring required for leasing any producing property, such as oil and gas wells, can be very demanding at times. As such, it may be more advantageous for some to leave this responsibility to those who have the experience and resources to manage the upkeep.
Owning mineral rights also means more difficulty meeting the tax requirements of a mineral rights lease. Because leasing mineral rights means receiving royalty payments on a regular basis while still owning the property, it may require more complex accounting structure as compared to selling the mineral property right away.
There are a myriad of other good reasons why you should sell your mineral rights. If you want to know more about the benefits of selling your mineral rights, and if you have plans to sell your rights in Texas, our team of brokers at The Mineral Auction would be willing to help you. Call us at (512) 698-2802 to learn more about how we can help you.
Anadarko Petroleum Corporation is partnering with New York-based private equity firm KKR & Co. in a bid to develop its acreage across East Texas, Bloomberg reported on October 29.
An investment of $442 million has been provided by the KKR & Co. to fund the drilling of more than 500 oil and gas wells in the Eaglebine field, an oil- and gas-rich region northeast of Houston. A University of Houston lecturer on energy economics said the joint venture will help Anadarko expedite oil and gas drilling activities and secure its leased lands without having to lose much of its own funds.
An ever-increasing volume of investment in oil and gas sector means a robust public and business confidence in the industry. If you are planning to take part in the oil and gas boom in Texas by selling your mineral rights, consult with a broker at The Mineral Auction by calling (512) 698-2802 today.
Because Texas law provides different statutory definitions of minerals, no single conveyance of “other minerals” is considered generally applicable.
Texas courts define minerals on a substance by substance approach. For instance, limestone, sand and gravel are sometimes considered minerals if they are rare and exceptional, and possess characteristics that would provide them special value. Sand useful for manufacturing cement or glass, for example, is considered a mineral while sand used for road-making purposes is not.
In some instances, substances found on or near the surface are considered a part of surface estate as a matter of law. For example, substances found in strip mining, a type of surface mining, would not be considered minerals during specific circumstances.
Selling your mineral rights requires the knowledge of a mineral rights broker who knows well the intricacies surrounding mineral rights law. To learn more about selling your mineral rights, speak with a mineral rights broker at The Mineral Auction by calling (512) 698-2802 today.
Encana Corp. is making its way into the oil and natural gas-rich Permian region of Texas after it announced its plan to buy Athlon Energy, an online Calgary Herald report stated on September 29.
Encana plans to buy the Texas-based energy firm for a little less than $6 billion and to assume its debt worth more than $1 billion. With this deal, the company envisions producing 250,000 barrels of oil per production day by 2017, which is five times what it produced last year. The company also believes the acquired land provides the company with around 5,000 possible new drilling spots.
Selling your mineral rights to healthy and well-footed companies in the oil production sector is a guaranteed way to ensure that you get the best value out of your property. The professionals at The Mineral Auction can provide you a wide portfolio of businesses who can buy your rights when you call our office at (512) 698-2802 today.
Oil and gas production in the Barnett Shale has continuously been one of the top contributors to the North Texas economy, a study commissioned by the Fort Worth Chamber of Commerce revealed on Wednesday, September 10.
The study found out that each year, oil and gas drilling in the Barnett Shale generates $11.8 billion in revenue and $480.6 million in taxes for the North Texas economy. Even with a decline in the number of new wells drilled and a decrease in natural gas prices, the revenue generated from drilling and drilling-related activities has continued to rise due to more productive oil and gas wells, investments in infrastructures, and growing employment.
The oil and gas boom in Texas has been incredibly beneficial to land owners who have the option to sell their mineral rights. The Mineral Auction works with thousands of companies in order to provide you the best deal possible. If you’re planning to sell your mineral rights, consult with us first by calling (512) 698-2802 today.
Owning mineral rights means you have the option to make money by selling the minerals found in your property. This means greater economic flexibility, especially during life-altering events and unexpected financial situations.
When you decide to sell, it is essential to know the components of ownership you are relinquishing. Under the Texas Law, selling the ownership of your mineral rights means selling your right to:
- Use the mineral estate and the surface estate necessary to acquire the minerals
- Lease your mineral properties
- Receive bonuses from that lease
- Receive delay rentals, royalties, and other benefits due under a leasing agreement
When planning to sell your mineral rights, seek the help of experienced mineral rights brokers who have a wide network of competitive buyers to help you get the best value. To learn more about what we do and how we can be of help, call The Mineral Auction at (512) 698-2802 today.
When trying to sell your mineral rights, it is important to determine whether the wells on your property are technically classified as oil or gas wells. People may use these terms for their wells interchangeably because they often produce both. However, failure to correctly differentiate between the two may cause profound economic consequences, from well spacing issues, pipeline company prioritization, to the possibility of severing ownership in some areas of Texas.
Because wells often contain a mixture of oil and gas, provisions of the Texas Natural Resources Code clearly makes a distinction based on the ratio of each element. The Code defines an oil well as a well “that produces one barrel or more of oil to each 100,000 cubic feet of gas.” On the other hand, a well that produces pure natural gas with no oil, or produces more than 100,000 cubic feet of gas per one barrel of oil is considered a gas well.
To learn more about the legalities of mineral rights, consult with our team in Austin at The Mineral Auction by calling (512) 698-2802 today.
The revenue generated from mineral ownership over materials such as coal, minerals, oil, and natural gas are generally split between the owner of the mineral rights and the company that extracts the resources from the ground. However, there can also be other stakeholders between which the income would be divided. They are:
- Royalty interest owner – Receives a portion of income from the mineral rights, but does not own any mineral properties. Landmen, geologists, and brokers who were able to reserve an interest in the mineral properties, but are not the owners of the mineral properties, are considered royalty interest owners
- Working interest owner – Refers to the entities that bear production costs in the extraction of minerals. The company itself, or the contractor drilling the mineral resources, are considered working interest owners
Understanding the details behind mineral rights ownership and sale can be very challenging without the help of qualified and experienced mineral rights brokers who truly understand the needs of mineral rights sellers. To learn more about your mineral rights and how to sell them in Austin, consult with our team at The Mineral Auction by calling (512) 698-2802 today.
